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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1770)	11/3/2007 2:46:56 PM
From: alleeox	Respond to of 2121

"The steep rise in oil prices in recent years has not triggered either high inflation or a recession, in large part because consumers and businesses expect price increases to remain tame, Federal Reserve Chairman Ben S. Bernanke said yesterday." washingtonpost.com

To: Kirk © who wrote (1770)	11/4/2007 9:59:20 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 2121

I wonder why Brinker was not on air yesterday. Might have something to do with the Citigroup and other financials fiascos that are popping up like whack-a-moles almost every day?! Btw, the mindless-bull theory is that if oil prices are high, then it is counter-inflationary because people have less money to spend at the mall. So it is bullish. But if oil prices fall, then it is good for corporate earnings because people have more money to spend at the mall! So that is bullish too.